India’s Media Sector Poised for Massive Growth
Mukesh Ambani, Chairman of Reliance Industries, delivered an optimistic forecast for India’s media and entertainment sector at the 2025 World Audiovisual and Entertainment Summit (WAVES). He predicted that the industry is on the cusp of remarkable expansion, potentially exceeding USD 100 billion in value within the next ten years. This represents a near quadrupling of its current valuation of approximately USD 28 billion. Ambani emphasized that this significant growth will not only provide a substantial boost to the national economy but will also generate millions of new jobs and unlock a wealth of opportunities through the innovative convergence of storytelling and cutting-edge digital technologies.
Digital Innovation Driving Industry Transformation
Ambani highlighted that India’s media and entertainment landscape is undergoing a profound transformation, propelled by rapid digital advancements and a spirit of entrepreneurship. He pointed out that India has firmly established itself as a global leader in the digital realm. This digital prowess, when combined with the nation’s rich and diverse storytelling traditions and increasingly sophisticated digital tools, provides India with a unique and powerful advantage in the competitive global media industry.
AI and Immersive Tech Reshaping Storytelling
Mukesh Ambani further elaborated on the transformative influence of artificial intelligence (AI) and immersive technologies on the creation and consumption of entertainment and cultural experiences. He explained that these advanced tools are dramatically expanding the reach and impact of storytelling, enabling content to connect instantaneously with audiences across linguistic, geographical, and cultural boundaries in ways previously unimaginable.
Empowering India’s Creative Future
Ambani expressed his strong belief in the potential of India’s young and talented creators. He asserted that as these individuals become proficient in utilizing these new and evolving technologies, they will be empowered to produce globally resonant and successful content. This, in turn, will enable India to establish a formidable and influential presence in the international entertainment industry, showcasing its creative power and cultural richness to the world.